Day: November 7, 2019

Indonesia’s Financial Services Authority, known as OJK, has identified and blocked almost 300 illegal peer-to-peer lending platforms, which includes one cryptocurrency firm. According to Nikkei, OJK’s investment alert unit joined hands with the IT ministry and local police to launch a crackdown against unlicensed FinTech platforms. The investigations found that most of the unregistered lending platforms had servers located in Indonesia, but a few of them were operating from outside the international borders. Nevertheless, OJK did not reveal the names of sacked entities, particularly the one that was facilitating cryptocurrency…

Micree Ketuan Zhan, the co-founder of major Chinese Bitcoin (BTC) mining hardware producer Bitmain, claimed that he was removed as a legal representative of the company without his consent. On Nov. 7, Samson Mow, the CEO of Blockstream, posted a statement from Zhan on Twitter, in which the Bitmain co-founder claimed he would take legal measures to return to the company. Bitmain co-founder Jihan Wu announced in an email last week that Zhan had left the company, stating: “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided…